Major Carrier Announces Shark Ban

Cosco is reportedly planning to implement a ban on the shipping of shark fins, according to the Hong Kong branch of the US wildlife conservation group WildAid announced the move, although no timeframe has been suggested as yet by Cosco.

Shark finning increased since 1997 largely due to the increasing demand for shark fins for shark fin soup and traditional cures, particularly in China and its territories, and as a result of improved fishing technology and market economics.

Estimates of the global value of the shark fin trade range from US$540 million to $1.2 billion, according to figures amassed in 2007.

As of March 2016,
Maersk, MSC, Hapag-Lloyd, Hamburg Süd, MOL, HMM, OOCL and APL had established policies prohibiting the carriage of shark fin and had announced these policies through official website.

Hanjin Shipping, Yang Ming, NYK Line, UASC, “K” Line, PIL, ZIM and Wan Hai Lines had established policies prohibiting the carriage of shark fin but had not yet announced these policies on website.

CMA CGM and Evergreen Line restrict all shark fin except CITES shark fin.

(Laufer/WWF.org.hk)